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Daniela Gabor Profile picture
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8 Jun, 7 tweets, 3 min read
in a nail-biter election, Peru is about to elect Pedro Castillo, a union leader that has promised to challenge powerful economic elites and reverse some neoliberal measures benefiting them.
he's been sweeping the board outside Lima, where Fujimori's anti-terruco/communist discourse doesnt get much purchase
Peruvians, unlike Bloomberg, remember that Alberto Fujimori unleashed state terror and violence on its citizens #FujimorismoNuncaMas

Castillo is left on economics, and right on social issues, a dream leader for some of our British bro-socialists.

Fight now on for progressive forces to hold him accountable.

this short clip on the Colombian-Peruvian Peace festival is a great intro to complex post/conflict memory processes

every mining region voted overwhelmingly for Castillo, who promised to tax miners better and use those resources for local communities

to Keiko Fujimori's complaints about fraud (bit rich since powerful elites are on her side), Peruvian social media responded with this - pensioners driven to vote for Fujimori under threat of eviction from their carehomes

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More from @DanielaGabor

Daniela Gabor Profile picture
27 May
Luis de Guindos, of @ecb, calls for standardised mandatory disclosure to address the problems of greenwashing in ESG products.
and second, calls for states to promote green finance - but nothing on penalising dirty assets.

Nice to see regulators adopting carbon financiers' favourite narrative, that decarbonisation should be a profit opportunity.
as I argued in the OddLots podcast, we are entering a green macrofinance regime that can be dominated either by private finance, or by the state.

until we see central banks introduce penalties on dirty lending, we remain in Big Finance regime

Read 7 tweets
Daniela Gabor Profile picture
11 May
read this and convince me 'ESG' is not just convenient short-hand for greenwashing

ft.com/content/7ac277…
BlackRock Brazil head pontificating about 'gold' European ESG standard is rich when you know a little bit about EU's Sustainable Finance Disclosure Regulations
for starters, BlackRock lobbied heavily to weaken European sustainable finance agendas, from its opposition to double materiality (not just climate risks, but climate impact of carbon finance) to its 'consultancy' for the European Commission
Read 6 tweets
Daniela Gabor Profile picture
25 Apr
15 months ago, in conversation with @MESandbu I warned that EU's Green Deal, with its Green Third Way approach to nudging the market in the right direction, threatened to end up into subsidised greewashing

this week my fears proved legitimate.

ft.com/content/74fe73…
the Taxonomy is now even more indefensible than the private ESG metrics for green financial instruments

that the 'Sustainable' taxonomy now includes fossil fuels and deforestation is not just a failure of (national) politics, as it's been reported -

it is a consequence of the macrofinancial order we have in place, that doesnt allow for big, bold and just transitions
Read 12 tweets
Daniela Gabor Profile picture
23 Apr
Hear hear. Industrial policy under state aid rules is a misnomer.
miss the days of rigorous neoliberalism, when the guys didnt play language games and celebrated the market instead of disguising it in some faux Keynesian/interventionist clothing
take the derisking state:

one litmus test for this faux Keynesian revival of the state is to ask financial capitalists now speaking the language of just transitions if they would co-finance a local Ugandan green bus company.

of course not.
Read 4 tweets
Daniela Gabor Profile picture
22 Apr
the Biden Administration is now putting its weight behind #WallStreetConsensus and the project of the derisking state
a two state solution from the Biden Administration:
- green investment state for the US
- derisking state for the Global South - derisking development assets for financial capital, not for local populations Image
you can read a lot more here

Read 5 tweets
Daniela Gabor Profile picture
22 Apr
The infrastructure age is here, and God does it come with empty promises of radical transformation ft.com/content/29d4b2… via @financialtimes
I blame the vacuousness of the neoliberal imagination - once the script of 'structural reform' doesn't serve any more, what do you do? Infrastructure. All roads lead to nowhere in financial capitalism.
Ahem, the left and its fetishes
Read 5 tweets

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